Grab Holdings Limited (NASDAQ:GRAB) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Grab Holdings Limited (NASDAQ:GRAB) have received an average recommendation of “Moderate Buy” from the thirteen research firms that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $5.62.

A number of analysts have recently issued reports on GRAB shares. Benchmark reissued a “buy” rating and issued a $6.00 price target on shares of Grab in a research report on Thursday, February 20th. Barclays lifted their target price on shares of Grab from $5.50 to $6.50 and gave the company an “overweight” rating in a research note on Thursday, February 20th. CLSA upgraded shares of Grab to a “moderate buy” rating in a report on Wednesday, April 9th. Hsbc Global Res upgraded Grab from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Finally, Citigroup restated a “buy” rating on shares of Grab in a research note on Tuesday, February 4th.

Institutional Investors Weigh In On Grab

Large investors have recently added to or reduced their stakes in the stock. Baillie Gifford & Co. boosted its holdings in Grab by 10.0% during the fourth quarter. Baillie Gifford & Co. now owns 47,021,709 shares of the company’s stock valued at $221,942,000 after acquiring an additional 4,259,537 shares during the period. Tidal Investments LLC lifted its position in shares of Grab by 4,311.8% during the 3rd quarter. Tidal Investments LLC now owns 445,103 shares of the company’s stock worth $1,691,000 after purchasing an additional 435,014 shares during the last quarter. Leibman Financial Services Inc. bought a new stake in Grab during the 4th quarter valued at approximately $937,000. Sumitomo Mitsui Trust Group Inc. grew its holdings in Grab by 2.9% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,707,627 shares of the company’s stock valued at $22,220,000 after buying an additional 134,243 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Grab by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 20,666,618 shares of the company’s stock worth $77,414,000 after buying an additional 591,898 shares during the period. Institutional investors own 55.52% of the company’s stock.

Grab Price Performance

Shares of NASDAQ:GRAB opened at $4.05 on Monday. The company’s fifty day moving average is $4.56 and its two-hundred day moving average is $4.56. The company has a market cap of $16.31 billion, a P/E ratio of -202.50, a price-to-earnings-growth ratio of 2.26 and a beta of 0.88. Grab has a 12-month low of $2.98 and a 12-month high of $5.72. The company has a quick ratio of 2.67, a current ratio of 2.70 and a debt-to-equity ratio of 0.04.

Grab (NASDAQ:GRAB) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. Grab had a negative return on equity of 1.63% and a negative net margin of 3.72%. The firm had revenue of $764.00 million for the quarter, compared to analyst estimates of $762.57 million. Equities analysts expect that Grab will post 0.05 earnings per share for the current fiscal year.

Grab Company Profile

Grab Holdings Limited engages in the provision of superapps in Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. The company offers its Grab ecosystem, a single platform with superapps for driver- and merchant-partners and consumers, that allows access to mobility, delivery, digital financial services, and enterprise sector offerings.